kay.apt 🌐

Happy 4 years of @Aptos mainnet! The tech and products have seen innovation after innovation (it is 8 years including the work we did at Libra/Diem at Meta) but we are still so early on this journey!

Congrats to our friends at @pactfinance on the investment from @tether to grow RWAs and stablecoins for global trading!

Happy 4th & Happy 250th anniversary to the USA 🇺🇸! We’re doing our part to support freedom building the fastest decentralized exchange on the fastest blockchain ever. @Aptos at 24 ms median block time. Move trading VM powering tokenized equities, ETFs, & crypto trading for all. 100+ commits this week for me :) Less hype cycle = more building

Aptos is a partner in the new @openstandard consortium alongside @Mastercard, @Visa, @stripe, @Google, and over 100 others. Brings back memories of our time at @Meta working on Libra / Diem and building a consortium of many familiar names to jointly develop a new currency for the world. Uniting many entities into a common cause is one of the best use cases for blockchain technology.

Today's SEC staff statement on the applicability of broker-dealer registration to certain DeFi interfaces clarifies how the SEC staff views DeFi and underscores why @DecibelTrade + @Aptos architecture is fully onchain and decentralized. tl;dr: A trading interface does not need to register as a broker if it remains purely mechanical, transparent, neutral, non-custodial, and minimizes intermediation and discretionary influence. Decibel + Aptos is designed for such an environment, where execution is performed by the validator set with publicly available code. * Order matching, clearing, and settlement all occur fully on-chain * Users sign and submit transactions directly from self-custodial wallets * The protocol deterministically executes based on user-defined parameters * There is no off-chain matching engine, internalization, or discretionary routing This is not just an implementation detail. Instead, the protocol itself becomes the execution environment, and interfaces simply translate user intent into transactions. This aligns closely with the framework outlined in the SEC’s statement: * no custody * no discretion * no intermediation * no reliance on an entity to execute trades (e.g., centralized matching engines, single sequencers) * no payment for order flow Decibel and Aptos represent that direction: A fully on-chain, permissionless trading system where execution is defined by code, not intermediaries. As regulatory clarity evolves, designs that minimize intermediation and maximize user control will be structurally advantaged.

Last July I testified to the benefits of CLARITY at the House Agg Committee. Three days ago, $APT was named a digital commodity by the @SECGov & @CFTC. Two days I caught with @SenGillibrand & @GOPMajorityWhip on the latest on CLARITY and market structure. Today, several meetings on the hill and at the White House. Enjoying engaging with our elected leaders and lawmakers to a bright crypto future in 🇺🇸！

It was an honor to moderate an important discussion with two of the influential 🇺🇸 crypto leaders - @SenGillibrand and @GOPMajorityWhip (Rep Tom Emmer). They openly shared their perspective on how American leadership on blockchain is crucial, serious progress on CLARITY (and the blockers), and the importance of DeFi as a future for American innovation. I was impressed by their surprising candor and philosophical alignment. Bullish for making America the crypto capital of the world.